Bluefire Mining Appoints Officer
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2012) - Bluefire Mining Corp. (TSX VENTURE:BFM) ("Bluefire" or, the "Company"), is pleased to announce the appointment of Christopher Buss as the Vice President, Corporate Development of the Company. Prior to this appointment, Mr. Buss was a member of the investment banking team with BMO Capital Markets specializing in the metals, mining and natural resource sectors. In this role, he assisted both public and private companies assess and execute on various strategic alternatives including mergers and acquisitions, joint venture agreements, strategic investments as well as other forms of equity and debt capital raising. Mr. Buss holds a Bachelor of Commerce (Honours) in Finance from the Sauder School of Business at the University of British Columbia.
As the Vice President, Corporate Development of Bluefire, Mr. Buss will lead the ongoing business development efforts of the Company with the goal of seeking attractive opportunities in growing the Company and enhancing shareholder value.
In addition, Bluefire's Board of Directors has approved the issuance of options to purchase 465,000 common shares of the Company (the "Options"). The Options will have a five (5) year term and will be issued after market close on October 24, 2012, with an exercise price based on the purchase price of the common shares in Bluefire's recently completed initial public offering. The stock options are being granted pursuant to Bluefire's stock option plan.
ON BEHALF OF BLUEFIRE MINING CORP.
David E. De Witt, President & CEO
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the United States Securities Act of 1933 and applicable state securities laws or an exemption from such registration is available.
This release contains certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements include, but are not limited to, statements with respect to the work to be performed by the Vice President, Corporate Development of the Company. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Certain of the statements made herein by Bluefire Mining Corp. are forward-looking and subject to various risks and uncertainties, both known and unknown, many of which are beyond the ability of Bluefire Mining Corp. to control or predict.
Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Forward-looking information is subject to known and unknown risks and uncertainties that may cause Bluefire Mining Corp.'s actual results, performance or achievements may be materially different from those expressed or implied by such forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, mine development and production costs, the projected life of the Company's mines, future production levels, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bluefire Mining Corp.
C. Warren Beil
(6040 688-0094 (FAX)